Investment - Homes for Sale in Des Moines, IA

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  /26

  $220,000

  • 4 Beds
  • 2 Baths
  • 2,196 Sq Ft

  1440 21st St, Des Moines, IA 50311

  Sitting on an oversized lot with fresh snow framing its clean exterior, this home blends the charm of its original era with the practical updates. Step inside to sun-filled rooms lined with new flooring mixed with beautifully preserved original hardwood, giving the home that rare blend of character and function. Fresh paint throughout brightens each space, and large windows in nearly every room

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 501-5979

  1440 21st St, Des Moines, IA 50311
• Explore Des Moines

• 

  

  

  /15

  $174,900

  • 2 Beds
  • 2 Baths
  • 909 Sq Ft

  2400 45th St, Des Moines, IA 50310

  Solid Beaverdale Opportunity – Perfect Starter Home or Smart Investment!Discover this inviting, move-in ready 2-bedroom, 2-bath home in the heart of sought-after Beaverdale. Blending classic character with fresh modern updates, it features brand-new stainless steel appliances, new LVT flooring and carpeting throughout, nicely updated bathrooms (including tiled shower on the main floor), new

  

  Angela Glasgow

  Realty ONE Group Impact

  (515) 417-0994

  2400 45th St, Des Moines, IA 50310
• 

  

  

  /15

  $125,000

  • 2 Beds
  • 1 Bath
  • 636 Sq Ft

  4730 NE 33rd Ct, Des Moines, IA 50317

  Investor Alert! Two bed one bath bungalow. Furnace located in crawl space. Some vinyl flooring and LVP flooring. This would be a good starter home or investment property for rental or resale. Some features include a newer septic, reasonable taxes, metal siding, newer roof, very large rear yard and a shared drive. Lots of possibilities to enjoy activities in your shaded backyard or use as garden

  

  Toni Tindle

  Covered Bridge Realty

  (515) 316-4790

  4730 NE 33rd Ct, Des Moines, IA 50317
• 

  

  

  /10

  $200,000

  • Studio
  • 3 Baths
  • 1,964 Sq Ft

  1206 39th St, Des Moines, IA 50311

  $2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2 years. This

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 642-3342

  1206 39th St, Des Moines, IA 50311
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  /32

  $135,000

  • Studio
  • 2 Baths
  • 1,874 Sq Ft

  1118 23rd St, Des Moines, IA 50311

  Looking for a smart investment in a neighborhood that keeps getting better? This two-story home has been converted into a duplex in the heart of the growing Drake University area—offering flexibility whether you’re an owner-occupant or a long-term investor. Live in one unit and let the other help offset your mortgage, or keep both units rented and enjoy steady cash flow from day one. Both units

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 373-5290

  1118 23rd St, Des Moines, IA 50311
• 

  /2

  $110,000

  • 2 Beds
  • 1 Bath
  • 736 Sq Ft

  215 Clark St, Des Moines, IA 50314

  Discover the charm of 215 Clark Street — a bungalow that combines historic character with modern comfort. This 2-bedroom, 1-bath gem offers 736 sq. ft. of inviting living space with laminate flooring, and kitchen with newer appliances. Enjoy the convenience of main-level laundry and peace of mind with a newer furnace and central A/C.Has a detached 1-car garage. Nestled in the vibrant River

  

  Joanne May

  RE/MAX Concepts

  (515) 690-6586

  215 Clark St, Des Moines, IA 50314
• 

  

  /21

  $305,000

  • 2 Beds
  • 2.5 Baths
  • 1,456 Sq Ft

  335 Forest Ave Unit 21, Des Moines, IA 50314

  Experience modern living in the charming historic Riverbend neighborhood. Just steps from all downtown has to offer—restaurants, The Casey’s Center, shops, bike paths, parks, hospitals, and I-235. This spacious two-story townhome offers nearly 1,500 sq ft with stainless steel appliances, LVP flooring, quartz countertops, 2 bedrooms, 2.5 baths, a deck, and a 2-car attached garage with SMART Home

  Justin Torres EXP Realty, LLC

  335 Forest Ave Unit 21, Des Moines, IA 50314
• 

  

  /9

  $89,000

  • 3 Beds
  • 1 Bath
  • 1,178 Sq Ft

  4033 7th St, Des Moines, IA 50313

  Handyman Special/Investment Opportunity. 3 bedroom, 1 bathroom home on a quiet street in Des Moines!. Home is Being Sold As-Is. Inspections are for Buyers knowledge only, No Repairs will be made. Contact your favorite realtor today for a showing!

  Collin Coy Realty ONE Group Impact

  4033 7th St, Des Moines, IA 50313
• 

  

  /6

  $300,000

  • Studio
  • 2 Baths
  • 1,920 Sq Ft

  3414 59th St, Des Moines, IA 50322

  Renters love this location, which keeps your vacancy rate low. Minutes from downtown, Beaverdale, and Merle Hay, with quick access to I-80/35 and I-235 for easy reach to Urbandale, West Des Moines, and beyond. Both units are 2 bed/1 bath with long-term tenants (30+ years and 15+ years). Easy add to your investment portfolio.

  Nora Crosthwaite Realty ONE Group Impact

  3414 59th St, Des Moines, IA 50322
• 

  /2

  $1

  • Land
  • 190.69 Acres
  • $0 per Acre

  2735 E Payton Ave, Des Moines, IA 50320

  LEMAR KOETHE TRUST, LAND AVAILABLE VIA SEALED-BID AUCTION! PROPERTY SITS IN DES MOINES, POLK COUNTY, IA, LOCALLY KNOWN AS THE “PAYTON AVE. FARM”! NOW ACCEPTING BIDS! Bids are due by Wednesday, March 11th, 2026, at 1:00 PM CST. The sale consists of +/- 190.69 acres. The property consists of +/- 152.5 tillable acres with a CSR2 rating of 79.6. This farm is a great investment opportunity as it is in

  Nathan Drew Drew Realty Company, LLC

  2735 E Payton Ave, Des Moines, IA 50320
• 

  

  /29

  $259,820

  • 3 Beds
  • 2.5 Baths
  • 1,617 Sq Ft

  7000 Lake Ridge Ave Unit 2, Des Moines, IA 50320

  This modern 2-story townhome featuring an open concept design, stylish kitchen, and plenty of natural light throughout. This home offers a blank canvas for your personal touches. An attached 2-car garage, efficient layout, and contemporary finishes make daily living easy and comfortable. With 6 years of tax abatement left, you’ll benefit from major cost savings. Townhome is rental/Airbnb-eligible

  Nicholas Williams Summit Real Estate Services

  7000 Lake Ridge Ave Unit 2, Des Moines, IA 50320
• 

  

  /34

  $199,900

  • 2 Beds
  • 2 Baths
  • 720 Sq Ft

  2907 Des Moines St, Des Moines, IA 50317

  Get ready to vibe in this transformed 2 bed, 2 bath home! With wood-look finishes, stone backsplashes, and a fireplace, the interior is cozy and inviting. Finished basement with bedrooms, living space and full bath. Walk out to the covered deck and patio area, perfect for grilling, entertaining, and relaxing in the hot tub, all within a privacy-fenced oasis. The property also features a

  Gilbert Gonzales RE/MAX Precision

  2907 Des Moines St, Des Moines, IA 50317
• 

  

  /24

  $315,000

  • 2 Beds
  • 2.5 Baths
  • 1,498 Sq Ft

  335 Forest Ave Unit 24, Des Moines, IA 50314

  Experience modern living in the charming, historic Riverbend neighborhood, just steps from all downtown has to offer—restaurants, The Casey’s Center, shops, bike paths, parks, hospitals, and I-235. This spacious two-story townhome offers nearly 1,500 sq ft with stainless steel appliances, LVP flooring, quartz countertops, 2 bedrooms, 2.5 baths, a deck, and a 2-car attached garage with SMART Home

  Justin Torres EXP Realty, LLC

  335 Forest Ave Unit 24, Des Moines, IA 50314
• 

  

  /35

  $449,900

  • 6 Beds
  • 3 Baths
  • 2,283 Sq Ft

  1121 26th St, Des Moines, IA 50311

  Well-maintained 2-story home featuring 6 bedrooms, 3 bathrooms, and a 2-car garage. Rarely do you find a home with 6 bedrooms, making this move-in ready property a standout opportunity with exceptional space for comfortable living, entertaining, or investment potential. Conveniently located near Drake University, downtown Des Moines, shopping, dining, parks, and more. The fenced yard, two

  Meldie Barlaw RE/MAX Revolution

  1121 26th St, Des Moines, IA 50311
• 

  

  /23

  $170,000

  • 2 Beds
  • 1 Bath
  • 932 Sq Ft

  813 Lyon St, Des Moines, IA 50309

  Located in Des Moines, this 1.5 story home offers 2 bedrooms plus an upper level bonus space, providing flexibility that sets it apart. The main level features a spacious living area, a generously sized kitchen with plenty of room to cook and gather, and a convenient main level bedroom and bathroom. Upstairs you will find an additional bedroom along with an open bonus area that easily functions

  Jordan Graves RE/MAX Real Estate Center

  813 Lyon St, Des Moines, IA 50309
• 

  

  /29

  $299,000

  • 6 Beds
  • 4 Baths
  • 2,992 Sq Ft

  1127 23rd St, Des Moines, IA 50311

  Exceptional 6++ bedroom home in the heart of Drake University Campus Town an outstanding opportunity for student housing or a spacious owner-occupied residence. Enjoy crisp fall days on the front porch before stepping inside to a highly functional layout. The main level features three bedrooms, two full baths, a large updated kitchen with two refrigerators, and a family room. The basement offers

  Jennifer Farrell RE/MAX Concepts

  1127 23rd St, Des Moines, IA 50311
• 

  

  /19

  $295,000

  • 2 Beds
  • 2.5 Baths
  • 1,456 Sq Ft

  335 Forest Ave Unit 22, Des Moines, IA 50314

  Experience modern living in the charming, historic Riverbend neighborhood, just steps from all downtown has to offer—restaurants, The Casey’s Center, shops, bike paths, parks, hospitals, and I-235. This spacious two-story townhome offers nearly 1,500 sq ft with stainless steel appliances, LVP flooring, quartz countertops, 2 bedrooms, 2.5 baths, a deck, and a 2-car attached garage with SMART Home

  Justin Torres EXP Realty, LLC

  335 Forest Ave Unit 22, Des Moines, IA 50314
• 

  

  /26

  $272,500

  • 1 Bed
  • 2 Baths
  • 1,044 Sq Ft

  111 10th St Unit 406, Des Moines, IA 50309

  Luxury you can see, security you can’t, until now! Unit 406 stands apart within an HOA recognized for its exceptional strong reserve structure & proactive financial stewardship. 111 City Lofts Condominium Association is undeniably one of the most financially well-positioned associations in the DSM downtown market. This building offers a level of financial stability that is increasingly

  Stevie O'meara RE/MAX Concepts

  111 10th St Unit 406, Des Moines, IA 50309
• 

  

  /10

  $130,000

  • 2 Beds
  • 1 Bath
  • 832 Sq Ft

  2805 Des Moines St, Des Moines, IA 50317

  Two bedroom, 1 bath home. Perfect starter home with a little TLC. Just a few blocks away from the Iowa State Fairgrounds. Large asphalt driveway provides room for plenty of parking. Home being sold as is. Great investment property

  Laura McClatchey Keller Williams Ankeny Metro

  2805 Des Moines St, Des Moines, IA 50317
• 

  

  /22

  $259,820

  • 3 Beds
  • 2.5 Baths
  • 1,617 Sq Ft

  7000 Lake Ridge Ave Unit 3, Des Moines, IA 50320

  This modern 2-story townhome featuring an open concept design, stylish kitchen, and plenty of natural light throughout. This home offers a blank canvas for your personal touches. An attached 2-car garage, efficient layout, and contemporary finishes make daily living easy and comfortable. With 6 years of tax abatement left, you’ll benefit from major cost savings. Townhome is rental/Airbnb-eligible

  Nicholas Williams Summit Real Estate Services

  7000 Lake Ridge Ave Unit 3, Des Moines, IA 50320
• 

  

  /12

  $110,000

  • 3 Beds
  • 1.5 Baths
  • 1,525 Sq Ft

  3634 SW 4th St, Des Moines, IA 50315

  Handyman Special. Nice Investment Opportunity. 3 Bedroom, 2 Bathroom Home on a quiet street on the SW side of Des Moines! Tons of potential. Home is being Sold As-Is. Inspections are for Buyers Knowledge Only. Contact your favorite realtor for a showing today!

  Collin Coy Realty ONE Group Impact

  3634 SW 4th St, Des Moines, IA 50315
• 

  

  /25

  $599,900

  • 3 Beds
  • 3.5 Baths
  • 2,218 Sq Ft

  228 E Center St, Des Moines, IA 50309

  Totally turnkey and exactly what you’ve been waiting for, this fully furnished 3-bedroom, 3.5-bathroom end-unit townhouse offers a premier investment opportunity in the heart of the vibrant East Village. The interior is bathed in natural light thanks to massive southern-exposure windows, while the private rooftop patio with a custom pergola provides a front-row seat to the stunning Des Moines

  Denny Junius Iowa Realty Mills Crossing

  228 E Center St, Des Moines, IA 50309
• 

  

  /16

  $129,900

  • 2 Beds
  • 1 Bath
  • 609 Sq Ft

  1243 Hackley Ave, Des Moines, IA 50315

  Great Investment Opportunity – 2 Bed, 1 Bath Home! This charming 2-bedroom, 1-bath property is the perfect investment or starter home! Featuring a spacious layout, bright natural light, and a large yard with plenty of potential, this home offers endless possibilities for investors or first-time buyers alike. With just a little TLC, it could be transformed into a high cash-flow rental or an

  Talor Woodson Iowa Realty Ankeny

  1243 Hackley Ave, Des Moines, IA 50315
• 

  

  /26

  $195,000

  • Studio
  • 1 Bath
  • 1,282 Sq Ft

  1442 34th St, Des Moines, IA 50311

  Welcome to this charming duplex located in the heart of Des Moines! This well-maintained property offers a unique opportunity for both investors and homeowners. Each unit features spacious living areas, perfect for comfortable living and entertaining. 24 hour notice required for tenants. With two bedrooms and one bathroom in each one unit and 1 bed one bath in the other, there?s ample space for

  Laura Slavin RE/MAX Precision

  1442 34th St, Des Moines, IA 50311
• 

  

  /12

  $229,900

  • Studio
  • 2 Baths
  • 2,187 Sq Ft

  1134 39th St, Des Moines, IA 50311

  Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors or someone looking for a place to live while supplementing their income. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus

  Tim Hegwood PMI Realty Central Iowa

  1134 39th St, Des Moines, IA 50311
• 

  

  /21

  $199,000

  • 3 Beds
  • 1 Bath
  • 1,649 Sq Ft

  2710 Adams Ave, Des Moines, IA 50310

  Well-maintained three-bedroom home offering over 1,700 square feet of living space. While there is no basement, the spacious layout and oversized two-car detached garage provide ample storage and functionality. The home has been professionally painted and cleaned and is move-in ready. Previously used as an investment property, it is located on a quiet, well-kept street. A private, wooded outdoor

  Suzana Dobrosavljevic RE/MAX Concepts

  2710 Adams Ave, Des Moines, IA 50310
• 

  

  /17

  $180,000

  • Studio
  • 5 Baths
  • 2,709 Sq Ft

  1825 7th St, Des Moines, IA 50314

  Such an amazing chance to start or build your investment portfolio. This fully rented multifamily property brings in steady income and has been well maintained. Located centrally with easy access to everything, it is attractive for renters. Must request showing AT LEAST 48 hours in advance.

  Sarah Shaffer Realty ONE Group Impact

  1825 7th St, Des Moines, IA 50314
• 

  

  /17

  $165,000

  • 2 Beds
  • 1 Bath
  • 728 Sq Ft

  116 Park Ave, Des Moines, IA 50315

  Welcome to 116 Park Avenue in Des Moines! This 2-bedroom, 1-bathroom home is full of potential. Whether you're looking for your first home or adding to your investment portfolio. Situated on a desirable corner lot, this property features 728 sq/ft of living space plus a basement for extra storage . Recent updates include a newer roof and vinyl siding, giving you peace of mind for years to come.

  Fix Brown II RE/MAX Concepts

  116 Park Ave, Des Moines, IA 50315
• 

  

  /21

  $270,000

  • 4 Beds
  • 1 Bath
  • 1,276 Sq Ft

  1617 College Ave, Des Moines, IA 50314

  This is a nice house for a first time home buyer or if you are looking an investment property. This house features 3 bedroom & 1 bathroom updated in the last couple of years. The plumbing & electrical systems were replace in 2016, The Central A/C unit was replaced in the Summer 2025 and the basement was waterproofed in November 2025. The front deck was also replaced recently.

  Rafael Geronimo Century 21 Signature

  1617 College Ave, Des Moines, IA 50314
• 

  

  /26

  $259,900

  • Studio
  • 1 Bath
  • 1,776 Sq Ft

  3616 SE 11th St, Des Moines, IA 50315

  Great Opportunity in Des Moines, IA.Welcome to 3616 SE 11th St,Des Moines, IA 50315, located in a well-established neighborhood on the south side of Des Moines. This property offers a great opportunity for investors or buy value-add potential. The home features a functional layout with a living area, kitchen, and multiple bedrooms, providing comfortable living space with room for updates and

  Jeffrey Hagel Jeff Hagel Real Estate

  3616 SE 11th St, Des Moines, IA 50315
• 

  

  /28

  $124,900

  • 2 Beds
  • 1 Bath
  • 661 Sq Ft

  2345 E 37th Ct, Des Moines, IA 50317

  Come stop by this updated charming 2-bedroom bungalow offering affordable homeownership or a fantastic investment opportunity on east side of Des Moines! This cozy home features 661 sq ft of thoughtful living space with brand new luxury vinyl plank flooring throughout and a refreshed kitchen complete with new cabinets, countertops, stainless steel farmhouse sink, including refrigerator and stove.

  Nick Diaz RE/MAX Concepts

  2345 E 37th Ct, Des Moines, IA 50317
• 

  

  /3

  $68,000

  • 2 Beds
  • 1 Bath
  • 938 Sq Ft

  1251 10th St, Des Moines, IA 50314

  Investment opportunity with a current rental certificate through December 2027. Rents for $1,000/month. Two-bedroom, 1 bathroom home with offstreet parking. Tenant pays all utilities and does lawncare and snow removal. 48-hour notice for showings. Seller has a large portfolio; ask your agent for the proforma.

  Abby Hausmann-Virgil Keller Williams Ankeny Metro

  1251 10th St, Des Moines, IA 50314
• 

  

  /20

  $169,900

  • 2 Beds
  • 1 Bath
  • 831 Sq Ft

  1803 E 14th St, Des Moines, IA 50316

  Completely remodeled and move-in ready! This charming 2-bedroom, 1-bath home on the NE side of Des Moines offers the perfect blend of modern updates and cozy character. Step inside to find a bright, refreshed interior featuring updated flooring, a stylish kitchen, and a beautifully renovated bathroom. The functional layout makes great use of space while maintaining a warm, welcoming feel

  Ashton Verschuure RE/MAX Concepts

  1803 E 14th St, Des Moines, IA 50316
• 

  

  /21

  $212,000

  • 2 Beds
  • 1.5 Baths
  • 866 Sq Ft

  1444 55th St, Des Moines, IA 50311

  Welcome to 1444 55th St in Des Moines! This cozy 2 bedroom, 1.5 bath home offers a great blend of comfort, updates, and opportunity. Fresh interior paint throughout gives the home a clean, move-in ready feel, while new flooring in both bathrooms and the finished portion of the basement adds modern touches where it counts.Major updates have already been taken care of including a new roof on

  Madalin Akers Platinum Realty LLC

  1444 55th St, Des Moines, IA 50311
• 

  

  /35

  $599,000

  • 7 Beds
  • 4 Baths
  • 3,223 Sq Ft

  930 18th St, Des Moines, IA 50314

  Amazing multi used zoning property! COMMERCIAL or Residential! Nestled in the coveted Sherman Hill Historical District, this stunning 7 bedroom, 4 full bathroom masterpiece boasts over 4,300 finished square feet of living space, blending timeless character with cutting edge modern amenities. Meticulously restored and relocated to this prestigious neighborhood in 2019, the property features a

  Gilbert Gonzales RE/MAX Precision

  930 18th St, Des Moines, IA 50314
• 

  

  /18

  $140,000

  • 2 Beds
  • 2 Baths
  • 1,042 Sq Ft

  1327 23rd St, Des Moines, IA 50311

  A great opportunity for an investment property or a first time homebuyer looking to build equity with a little sweat equity! As you enter, you're welcomed by a nicely sized living room full of charm. The kitchen offers a great space to make your own or enjoy as it is, with high ceilings that provide extra room for storage and a convenient area for a dining table. Toward the back of the home,

  Fernando Cardenas RE/MAX Precision

  1327 23rd St, Des Moines, IA 50311
• 

  

  /25

  $275,000

  • 4 Beds
  • 2 Baths
  • 1,764 Sq Ft

  2510 Forest Dr, Des Moines, IA 50312

  Investor’s Dream in the well sought after South of Grand Location! A rare opportunity featuring two homes on one property — perfect for investors or anyone looking to live in one and rent the other. 2510 Forest Drive is a two-story home & currently offers two apartments (one up, one down) with the option to convert back to a single-family residence. First floor has a large porch, wood flooring,

  Lucrezia Moore Iowa Realty Mills Crossing

  2510 Forest Dr, Des Moines, IA 50312
• 

  

  /24

  $259,820

  • Studio
  • 2 Baths
  • 1,617 Sq Ft

  7000 Lake Ridge Ave Unit 1, Des Moines, IA 50320

  This modern 2-story townhome featuring an open concept design, stylish kitchen, and plenty of natural light throughout. This home offers a blank canvas for your personal touches. An attached 2-car garage, efficient layout, and contemporary finishes make daily living easy and comfortable. With 6 years of tax abatement left, you’ll benefit from major cost savings. Townhome is rental/Airbnb-eligible

  Nicholas Williams Summit Real Estate Services

  7000 Lake Ridge Ave Unit 1, Des Moines, IA 50320
• 

  

  /29

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,098 Sq Ft

  1615 Jefferson Ave, Des Moines, IA 50314

  Fantastic value on this charming ranch featuring original woodwork throughout. The home has been used exclusively as a rental property and offers flexibility as an investment opportunity or a wonderful first home. Step into a spacious living room where hardwood floors flow seamlessly throughout the main level, leading to three bedrooms and a fully updated bathroom. Just off the living room is a

  Megan Carey O'Leary RE/MAX Concepts

  1615 Jefferson Ave, Des Moines, IA 50314
• 

  

  /32

  $350,000

  • Studio
  • 2 Baths
  • 1,972 Sq Ft

  1319 39th St, Des Moines, IA 50311

  This one-of-a-kind duplex lives like a spacious single-family home while offering incredible flexibility and income potential. The main residence features 3 bedrooms and 1.5 baths, showcasing stunning original Craftsman-style woodwork and built-ins that bring warmth, charm, and timeless character throughout the main level. Downstairs, the sizable unfinished basement provides endless opportunities

  Amy Dempsey RE/MAX Precision

  1319 39th St, Des Moines, IA 50311

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